PeoplesBank OfficersExecutive Thomas W. SenecalPresident and Chief Executive Officer
Linda ParlengasExec. Administrative Officer
Retail & OperationsAleda D. AmistadiSr. Vice President
Stacy A. SuttonSr. Vice President
Tammy A. BordeauxVice President Regional Manager
Cecile RichardVice President
Gail A. RichardVice President
Donna J. WileyVice President Regional Manager
Jarrod M. LiebelAsst. Vice President
Kevin B. ManghanAsst. Vice President
Wendy E. PalmerAsst. Vice President High Street
Michael PikeAsst. Vice President Retail Growth
Melissa E. RichterAsst. Vice President Westfield
Danielle M. RosarioAsst. Vice President Chicopee
Lori A. SticklesAsst. Vice President Longmeadow
Lauren E. TabinAsst. Vice President Elmwood & Highland
Karen A. VolpeAsst. Vice President Fairview
Timothy WegielAsst. Vice President
Erinn M. YoungAsst. Vice President
Jessica J. BodonBanking Center Manager South Hadley
Christina A. BordeauBanking Center Manager Sixteen Acres
Lucinda A. BrownRetail Administration Officer
Michael GayBanking Center Manager Amherst
Kimberly A. LeeBanking Center Manager Sumner Avenue
Brenda L. RodriguezBanking Center Manager St. James Avenue
Jessica L. WalesBanking Center Manager Northampton
MarketingMatthew BannisterFirst Vice President
Jeffry A. KerrVice President
Joan LeahyVice President
Chrissy KiddyAsst. Vice President
LendingMichael J. OleksakExec. Vice President
Margaret M. LenihanSr. Vice President
James A. SherboSr. Vice President
Lynn A. BrownSr. Vice President
Shaun Dwyer Sr. Vice President
Donna George-EbbelingFirst Vice President
Nadine M. MaggiFirst Vice President
Mary J. MeehanFirst Vice President
Marian E. Poe-HeinemanFirst Vice President
William J. SullivanFirst Vice President
David J. ThibaultFirst Vice President
Joseph P. FimognariVice President
Kristen P. HuaVice President
Xiaolei HuaVice President
Matthew L. KrokovVice President
Denise A. LamoryVice President
Beverly J. OrloskiVice President
Steve A. Parastatidis Vice President
Meghan E. Parnell-GregoireVice President
Jay C. SeylerVice President
Catherine H. SnowVice President
Katherine A. St. MaryVice President
Wesley D. TannerVice President
Dina MeadAsst. Vice President
Christopher M. ScottAsst. Vice President
Tracy SicbaldiAsst. Vice President
Angela LiebelMortgage Consultant Officer
Starr McGrathConsumer Loan Officer
Amos McLeod IIICommercial Credit Officer
Jessica E. MenardCommercial Credit Officer
Cheri MillsBusiness Banking Officer
Patricia A. O’BrienUnderwriter Officer
Ann VallanceCommercial Credit Officer
Cynthia G. WszolekCash Management Officer
FinanceBrian M. CaninaExec. Vice President CFO and Treasurer
Donna M. CharetteFirst Vice President
Steven GemmeVice President
Karen E. SinopoliVice President and Controller
Joseph A. DiasAsst. Vice President Asst. Controller
Cassandra M. PierceAsst. Vice President
Annmarie HurleyAccounting Officer
Human ResourcesChristine A. PhillipsFirst Vice President
Risk Oversight and Information TechnologyJacqueline CharronSr. Vice PresidentChief Risk Officer
Joseph R. ZazzaroSr. Vice President
Lynne A. GinoVice President
Craig W. KaylorVice President
Jeffrey ReinkeVice President
Brian RheaumeVice President
Internal AuditTrisha L. LearyVice President
Victoria ThompsonInternal Audit Officer
STFR-AR2018
413.538.9500 bankatpeoples.com
Member FDIC/Member DIF
Annual Report 2018
A Year in ReviewThe year 2018 will be remembered as an important one in the history of PeoplesBank.
For the first time, we acquired another financial institution – The First National Bank of Suffield, which was renamed “First Suffield Bank, a Division of PeoplesBank”. We were attracted by their contiguous retail footprint, which allowed us to seamlessly stretch southward across the border into Connecticut, as well as their established sense of community and culture. When combined with our existing substantial commercial business in those markets, we now have an even stronger base for future planned growth, both in the Pioneer Valley, and also down into northern CT.
Yet, as we have grown and expanded, once again achieving record earnings, we have been looking even more closely at ourselves. As proud as we are about our financial results, it is important to remember that they are only one of the metrics we use to evaluate our success as a mutual bank. Based on the past several years, I would characterize us as a “High Performing Bank”, from a financial perspective. However, that’s not enough. We continue to ask of ourselves, “Are we viewed as High Performing by our Depositors? By the communities where we are based? Are we still considered a Best Place to Work by our associates?” Unless we can answer all of those questions in the affirmative, we still have work to do.
As a mutual bank, we believe we have a special responsibility to our customers, and the communities we serve. In the past year, we were listed as the 2nd fastest growing bank in Massachusetts by the Boston Business Journal. While approximately half of our growth in 2018 came from the acquisition of First Suffield Bank, the remaining half was organic growth – an impressive number in and of itself. We attribute our organic growth to our mutual charter. We do not have to divert earnings to shareholders so we can reinvest in our organization and the communities we serve. That means improved technology, better products and services – including rates and terms – as well as a level of investment in the community that is unmatched by our competitors.
Thank you for your support of PeoplesBank. We hope to continue to earn your trust moving forward.
Tom SenecalPresident and Chief Executive Officer
PeoplesBancorp, MHC and Subsidiaries
Consolidated Statement of Condition
December 31, 2018 & 2017 (amounts in thousands)
12/31/18 12/31/17
Assets
Cash on Hand and Due From Banks $120,321 $128,107
Bonds & Other Debt Obligations 357,693 330,135
Federal Home Loan Bank Stock 22,994 21,985
Federal Funds 1,554 123
Total Cash & Investments 502,562 480,350
Real Estate Loans 1,900,561 1,564,717
Commercial Loans 288,478 204,978
Consumer Loans 9,876 6,074
Less: Allowance for Loan Losses (14,388) (14,373)
Total Net Loans 2,184,527 1,761,396
Premises & Equipment 38,862 35,269
Other Assets 131,463 79,564
Total Other Assets 170,325 114,833
TOTAL ASSETS $2,857,414 $2,356,579
Liabilities & Capital
Total Deposits $1,817,855 $1,589,913
Borrowed Funds 774,249 517,189
Other Liabilities 34,283 35,651
Total Liabilities 2,626,357 2,143,230
Total Capital 231,027 213,349
TOTAL LIABILITIES & CAPITAL $2,857,414 $2,356,579
Statements do not include:
Letters of Credit Outstanding $4,934 $1,567
Unused Home Equity Credit Lines 79,233 76,304
Unused Commercial Credit Lines 101,385 92,087
PeoplesBancorp, MHCTrusteesDouglas A. BowenMark P. CuttingH. Toby Driscoll Susan R. GoldsmithDavid G. HealeyCarol C. KatzMichael L. Klofas
James M. LavelleSteven M. Mitus, Lead DirectorJames B. Newton, Jr.Russell J. PeotterThomas W. Senecal,
Chairman of the BoardThomas A. Terry
Honorary TrusteesGerard N. AubreyGeorge N. BeauregardBarbara C. BernardJoseph C. CassidyRichard R. GreenNormand A. LaRoche
George E. LearyBenjamin H. MarcusPaul J. McDonaldRoger J. ReidyBess StathisRobert G. Woodill
CorporatorsRobert J. BaconMelissa D. BoiselleTerence M. BresnahanFrancis J. Cataldo, Jr.Priscilla L. ChalmersJohn W. DietelPaul J. DinnJames J. Dowd, IIIJohn J. DriscollJonathan R. GoldsmithJoan GrenierHal W. HabermanMarc E. JoyceCary R. JubinvilleDavid A. KalickaLawrence B. KatzMichael B. KatzG. E. Patrick LearyJoan Kagan Levine
David F. MagriFrancesca MalteseMaura C. McCaffreyDino J. MarinelloRaymond P. Murphy, Jr.Adam J. OndrickAnne M. ParadisSuzanne L. ParkerJames R. ReidyBarry H. RosenkranzPeter C. RosskothenMichael A. SerafinoDaniel J. SheridanJ. Curtis ShumwayIdelia L. SmithLawrence C. StarrEric S. SuherMeghan B. Sullivan
